Tax System: Fairness

Part of Treasury – in the House of Commons at on 6 February 2024.

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Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

Regarding fairness, we have a progressive tax system where the top 5% of income tax payers pay nearly half of all income tax, while the top 1% pay more than 28%. In addition, the national insurance reforms announced at the autumn statement cut taxes for 29 million people. That package also strengthens the fiscal position by helping taxpayers to get their taxes right, while bearing down on the small minority who seek to avoid paying their fair share.